Coming up, we'll take a closer look at one of the newest entrants in the small-car segment, the redesigned Kia Rio.

But first, here's a look at some of the news in the car world:

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There's only one minivan in the Chrysler Group's future, and that is the Chrysler Town & Country.

Automotive News interviewed Chrysler chief Sergio Marchionne. He's pushing a plan to eliminate overlapping products as the automaker's four brands are being grouped into single dealerships.

Under Marchionne's plan, the Dodge Grand Caravan will go away in 2013. Dodge will get a crossover, based on a Fiat platform, which will cover for the minivan and the Dodge Avenger sedan.

Chrysler keeps the Town & Country minivan and gets a replacement for the 200 sedan, on a Fiat platform.

Marchionne also says he doesn't plan to give Chrysler or Dodge a Fiat-built subcompact car in the U.S. market. That leaves just the Fiat 500 as the carmaker's only entry in that segment.

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The world's oldest running car was sold for a stunning $4.62 million over the weekend in Hershey, Pa.

The sale price of the 1884 De Dion Bouton was more than double the original estimate of auctioneer RM.

The new owner, who hasn't been identified, is only the fifth person to own this car.

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There are four races left on the Formula One calendar for this season, but the race for the championship is over.

Red Bull Racing's Sebastian Vettel locked up his second-consecutive World Championship on Sunday by finishing third in the Japanese Grand Prix. Vettel needed to score only one point to keep the trophy.

Vettel started the race from the pole position, but McLaren's Jenson Button got past him early on and won the race.

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Finally for today, Kia's fast-paced makeover of its lineup has reached the Rio subcompact, which has been redesigned for 2012. Let's take a closer look with senior road test editor Natalie Neff.

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Thanks, Natalie.

That's your hot lap of the auto world for today. If you had the day off, we hope you had fun.